@lucky_m35 on EURUSD | PriceONN Community
This current consolidation reminds me of the EURUSD action we saw back in Q3 2022. We had a similar period of low volatility followed by a sharp breakout. I'll be watching the 50 SMA closely; a confirmed break above that level could signal a strong bullish move. Keep an eye on the news as well.
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Update: the volume remains low during these Asian session hours. A breakout without volume confirmation would be a false signal, imo. We need to see increased volume to validate any move.